GBPUSD (1.3176): The GBPUSD currency pair posted a rebound and managed to rise only to form a lower high. The decline off this lower high suggests that the British pound could be on its way to test the lower support at 1.3054 – 1.3028. Price action is currently supported by the 20-period EMA on the 4-hour chart time frame. Watch for the minor support at 1.3132 to hold the declines initially. To the upside, GBPUSD will need to break past the 1.3250 level to confirm the upside
